Invitation Homes Inc. (NYSE:INVH) Declares Quarterly Dividend of $0.29

Invitation Homes Inc. (NYSE:INVH - Get Free Report) announced a quarterly dividend on Friday, December 13th,RTT News reports. Investors of record on Thursday, December 26th will be paid a dividend of 0.29 per share on Friday, January 17th. This represents a $1.16 annualized dividend and a yield of 3.51%. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28.

Invitation Homes has raised its dividend payment by an average of 30.1% annually over the last three years. Invitation Homes has a dividend payout ratio of 145.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Invitation Homes to earn $1.92 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 58.3%.

Invitation Homes Price Performance

INVH stock traded down $0.11 during trading hours on Friday, hitting $33.07. 1,637,790 shares of the stock traded hands, compared to its average volume of 3,338,347. The stock has a 50-day simple moving average of $33.63 and a 200 day simple moving average of $34.89. The company has a market cap of $20.26 billion, a P/E ratio of 46.73, a P/E/G ratio of 5.06 and a beta of 1.03. Invitation Homes has a one year low of $31.01 and a one year high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INVH shares. JMP Securities restated a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday. Wells Fargo & Company lowered shares of Invitation Homes from an "overweight" rating to an "equal weight" rating and lifted their price target for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. Bank of America downgraded Invitation Homes from a "buy" rating to a "neutral" rating and cut their price objective for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. UBS Group lifted their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group assumed coverage on Invitation Homes in a report on Wednesday, September 4th. They set a "buy" rating and a $46.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $38.80.

Invitation Homes Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.